I. price trend of acrylic acid:

According to the data of the business club’s bulk list, the acrylic acid market fell this week. As of November 1, the average price of acrylic acid was 6933.33 yuan / ton, down 5.88% compared with that at the beginning of the week (October 28). In a three-month cycle, it fell 9.57% year-on-year. One day, the main price of acrylic acid in China was 6900-7000 yuan / ton.

II. Market analysis:

Product: acrylic market is down this week. This week, the supply side of acrylic acid market is sufficient, but the downstream manufacturers’ operating rate is low, the overall demand is weak, and the contradiction between supply and demand is prominent. As of January 1, the price of acrylic acid of Shandong Yukang Chemical Co., Ltd. has been temporarily stable, with 8200 yuan / ton of common acid and 8850 yuan / ton of refined acid. The specific transaction price is determined by the actual contract. Jinan aochen Chemical Co., Ltd. has 7500 yuan / ton of common acid and 9400 yuan / ton of refined acid. The specific transaction price is determined by the actual contract. The price of acrylic acid of Wanhua chemical and Petrochemical Co., Ltd. has remained stable, mainly for contracts and stable customers. At present, acrylic acid The price is 7000 yuan / ton.

Industry chain: the market price (10.28-11.1) of the upstream propylene in Shandong fell by 2.90% this week. The price of propylene began to decline from the end of October. On the first day, it continued to fall by 50-100 yuan / ton. At present, the market turnover is about 7100-7450 yuan / ton, and the mainstream price is 7150 yuan / ton. Acrylic downstream construction load is not high, the demand side is light, the market just needs to buy, mostly according to the contract, the wait-and-see atmosphere is strong.

Industry: according to the price monitoring of the business association, in the 43rd week of 2019 (10.28-11.1), there are 12 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are two kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are dichloromethane (9.58%), sulfuric acid (6.98%) and aniline (4.24%). There are 40 commodities with a decline of 5% or more, accounting for 4.7% of the monitored commodities in the sector; the top three products with a decline are DMF (- 7.88%), butadiene (- 6.73%) and acrylic acid (- 5.88%). This week’s average was – 0.61%.

3. Future forecast:

Analysts of acrylic acid of business association believe that in the near future, raw material propylene is in a downturn, cost support is insufficient, and acrylic acid spot supply is sufficient, but downstream demand is weak. It is expected that acrylic acid market will be dominated by weak operation in the short term.